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20110726
20110726
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savings on the mandatory side and savings from winding down the war in iraq and afghanistan. these are savings that cbo scores of about a trillion dollars, that cbo scoring them at a trillion dollars. now we know some republicans will quibble over the savings but they have no leg to stand on. though war is the second-biggest policy driver of the deficit after the bush tax cuts. if conducting the war ads to the debt, it is undeniable winding down the war deliver savings. the administration tells us with the wind down their putting in place in the iraq and afghanistan, they can prosecute the war on about $630 billion over the next decade. cbo, however, assumes 1.67 trillion in war funding for 2021. by adopting the administration's lower number, we can save over a trillion. we know the republicans agree with this because they included the exact same savings in the wrong and budget that passed the house. i never criticized such accounting then and it's hard to see how they could do so now. last, senator reid's proposal allows a joint committee that has the potential to achieve e
. $2.70 trillion in spending cuts, including money saved from ending the war is in iraq and afghanistan. chuck schumer and senator reid spoke about the proposal with reporters for about 25 minutes. >> senators durbin and moynihan are on an airplane. unfortunately, they are not here. but they are on their way. i spent all weekend trying to work something out with republicans. instead of moving forward, we went backwards. one example -- our spending this year for the military is that $700 billion. that is more money for the military than the rest of the country's put together. you would think that in this debate that we have, they could chip in a few bucks to cut some spending. this weekend, the republicans wanted to raise spending. something modest, something the pentagon could live with. over the weekend, lo and behold, more funding for the pentagon. so, rather than trying to work with us on something as obvious as this to save money, they went their own direction. the economy has been forced to have the same debate on the same subject a few months from now. republicans and their short-
Search Results 0 to 1 of about 2